Where does Chennai RE prices head in 2010 - Indian Real Estate Forum

futurecr · 23-12-09

A similar poll is created 6 months back, and things are lot different now. Where do you think the RE will head in 2010.

johnson_raj · 23-12-09

I see a moderate rise

abk · 24-12-09

63% say there will be no fall.

Srinidhi · 24-12-09

I feel it will be stagnant or go little up till world govts push money in to the economy.Will come to know the real state after that and I don't see any rise after. only fall...Fall... and Fall.

sss_m19 · 24-12-09

stagnant or fall..

Economist · 27-12-09

Direction for 2010,I wish I knew the answer.

28-12-09

Looks like from the poll result that a majority expect a steady to reasonably growing RE which sounds rational and a slightly lesser crowd expecting terrible drop in RE. High rise and moderate drop dont seem to be finding takers. This means technically either the bears are going to win or are going to be taken out so badly. In other words technically prices are going to nose dive (I dont expect this personally) or it is going to shoot up (I expect this). The ones waiting on sidelines are either going to miss out if it rises up or terrorised to never buy in their lifetime if it crashes!
Just a Technical analyst view!

ganesan1972 · 29-12-09

Hello Friends, I am definitely not a real estate expert. But i have been watching real estate in chennai since last nine years and more closely over last two years. I can tell you all with conviction that confidence is coming back to the real estate. Projects are getting booked and work is progressing in fair pace. Therefore, one can safely assume that in near term there will be hardening of price and will go up by min 10%.

warm regards
ganesan

chennai_2004 · 29-12-09

Yes, I am seeing house and shop rents are raising . So, Real esate is slowly moving north

31-12-09

Property price will increase in Chennai definitely. Atleast 10 to 20%.

I don't see any reason or expect chennai property price to drop.

View Poll Results: Where does Chennai RE prices head in 2010
Significant Drop > 10%	27	21.60%
Moderate Drop < 10%	12	9.60%
Stagnant	29	23.20%
Moderate Rise < 10%	41	32.80%
Significant Rise > 10%	16	12.80%
Voters: 125. You may not vote on this poll

23-12-09	#1
futurecr New Member Join Date: Aug 2009 Posts: 20 Thanks: 0 Thanked 0 Times in 0 Posts	Where does Chennai RE prices head in 2010 A similar poll is created 6 months back, and things are lot different now. Where do you think the RE will head in 2010.

24-12-09	#4
Srinidhi Member Join Date: Nov 2009 Posts: 52 My Mood: Thanks: 6 Thanked 0 Times in 0 Posts	Will Go Down when Govts exit Stimulus I feel it will be stagnant or go little up till world govts push money in to the economy.Will come to know the real state after that and I don't see any rise after. only fall...Fall... and Fall.

29-12-09	#8
ganesan1972 Member Join Date: Dec 2008 Posts: 59 Thanks: 0 Thanked 1 Time in 1 Post	Stabilizing Market Hello Friends, I am definitely not a real estate expert. But i have been watching real estate in chennai since last nine years and more closely over last two years. I can tell you all with conviction that confidence is coming back to the real estate. Projects are getting booked and work is progressing in fair pace. Therefore, one can safely assume that in near term there will be hardening of price and will go up by min 10%. warm regards ganesan

29-12-09	#9
chennai_2004 New Member Join Date: Dec 2009 Posts: 2 Thanks: 0 Thanked 0 Times in 0 Posts	Yes, I am seeing Rent is raising Yes, I am seeing house and shop rents are raising . So, Real esate is slowly moving north

23-12-09	#2
johnson_raj New Member Join Date: Nov 2007 Posts: 19 Thanks: 0 Thanked 0 Times in 0 Posts	I see a moderate rise

24-12-09	#3
abk Senior Member Join Date: Dec 2008 Posts: 615 Thanks: 0 Thanked 0 Times in 0 Posts	63% say there will be no fall.

24-12-09	#5
sss_m19 New Member Join Date: Nov 2009 Posts: 14 Thanks: 0 Thanked 0 Times in 0 Posts	stagnant or fall..

27-12-09	#6
Economist Member Join Date: Dec 2008 Posts: 289 Thanks: 0 Thanked 2 Times in 2 Posts	Direction for 2010,I wish I knew the answer.

28-12-09	#7
Almighty Unregistered User Posts: n/a	Looks like from the poll result that a majority expect a steady to reasonably growing RE which sounds rational and a slightly lesser crowd expecting terrible drop in RE. High rise and moderate drop dont seem to be finding takers. This means technically either the bears are going to win or are going to be taken out so badly. In other words technically prices are going to nose dive (I dont expect this personally) or it is going to shoot up (I expect this). The ones waiting on sidelines are either going to miss out if it rises up or terrorised to never buy in their lifetime if it crashes! Just a Technical analyst view!

31-12-09	#10
strongsville Unregistered User Posts: n/a	True. Property price will increase in Chennai definitely. Atleast 10 to 20%. I don't see any reason or expect chennai property price to drop.

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
chennai prices	neha1	Chennai	7	03-07-10 11:36 AM
Will the Chennai property prices fall?	sivaram1979	Chennai	260	07-01-10 03:22 PM
prices per ground - Chennai	roy10	Chennai	0	17-10-09 11:25 AM
After 3 yrs, home loan rates head down	mr_dutta	Home Loans, Relocation, Vaastu Shastra	0	10-09-07 03:24 PM
Realtors are looking for roof over head	alpana	General Real Estate Discussion	0	13-08-07 02:03 PM